For years I’ve used Wells Fargo for my banking needs, including a Roth IRA, Wells Fargo Platinum Credit Card, as well as a basic checking and savings accounts.
Over the last couple of years Wells Fargo has been really pulling on my strings. They like to hold my automatic payments, hold deposited checks (my employer is old fashioned, and still issues an actual check) for “fund verification” at least once a month, causing issues with my automatic bill payments which I then get charges fees for. The issues are the bills will overdraw my account at the very end of the pay cycle, and the check is held long enough that it allows the overdraft fees to hit my account, effectively cutting anywhere from 75-150 out of my final deposited amount. They also have a bad habit of not authorizing transactions until after my account gets that way, and they rack up on overdraft fees. It seems to be a common complaint with them, as I have seen many people online and talked to many people who have had their money played with time and time again by them.
Long story short, I’m fed up with their antics and want a new bank. I want to know who does everyone here bank with, and how do you like them. Little local banks need not apply because I am looking at nationwide banks, unless i decide to look into a credit union, which is a strong option as I have seen some of the amazing rates they can offer people with all levels of credit through my prior car sales experience.
I’ve heard food things about Regions as well as Chase. My plan is to use a new bank just for savings/checking and keep my IRA and credit cards with Wells, as I have not had any issues with either of those accounts.
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